49-4-901 - Disposition of lottery proceeds. - Tennessee Statutes

49-4-901. Disposition of lottery proceeds.

Net proceeds of the state lottery shall be used exclusively for the purposes set out in Tenn. Const. art. XI, § 5 and this part. The net proceeds shall be used to supplement, not supplant, existing resources for educational purposes, projects and programs. It is the intent of the general assembly that if there exist net proceeds of the state lottery in excess of those allocated to provide financial assistance to citizens of this state to enable such citizens to attend postsecondary educational institutions located in this state, then the excess net proceeds shall be allocated first to early learning programs. It is further the intent of the general assembly that the scholarship and grant programs established under this part shall not create an entitlement to financial assistance to enable attendance at a postsecondary institution for any student.

[Acts 2003, ch. 298, § 1.]